Week Nov 1st Wednesday Update

Odds still favor the upside.  The tradeflow graph below shows the nice support that came in at the end driving the market above where most stops were elected.  If you aren't already long, then look to add with mkt above 197.60; or add to it. Stop can be below today's low 192.80 or breakout 190.45 (stop below 190.00). Market still within medium term channel and move up seems unfinished.  Give Euros rally, London should be up tomorrow and that should carry through to NY.

Tradeflow - today's low was right on two fibonacci targets.  Not as clean a pattern as before, but above 190.45 it's still corrective.